Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. Company Profile

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Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. Company Profile

The Mitsubishi Electric Company specialized in hydronic systems for air conditioning and ICT Cooling solutions. Designs, manufactures, and markets high efficiency, reliable, economically viable, eco-sustainable solutions and value adding services worldwide, in particular by embracing renewable energy sources. Headquartered in Italy. Production in Italy, China, and India. We operate in the market with two brands: A leading brand in central climate control systems with 45 years experience, providing HVAC solutions, optimization devices, and value adding services in the most demanding projects worldwide. Leading ICT cooling solutions with 50 years experience, a proven track of innovations, high quality and successful projects worldwide. Please consult Climaveneta and RC websites for further details on the product ranges 2

Products & Technologies Hydronic systems Residential chillers Reversible chillers Heat pumps for heating Commercial and industrial chillers Commercial and industrial heat pumps Heat pumps for simultaneous and independent production of hot and cold water Air handling units Hydronic terminals All-air systems Fully configurable rooftop units All-in-one rooftop units Packaged fresh air units Rooftop units for WLHP and WSHP systems ICT cooling systems, HPAC, and CRAC Close control units Close control units with inverter Rack cooling solutions Data Center infrastructures Dry coolers/remote condensers Liquid chillers with free-cooling or magnetic levitation tech Indirect adiabatic cooling systems Air conditioners for telecom applications Control, supervision and optimisation systems Group devices Supervision devices Metering devices Control and optimisation systems 3

Segments COMFORT APPLICATIONS PROCESS APPLICATIONS DATA CENTER APPLICATIONS 4

COMFORT APPLICATIONS All applications where air conditioning systems are focused on controlling environmental conditions in human occupied spaces. 5

PROCESS APPLICATIONS All applications where cooling technologies provide temperature control of industrial processes or products, and in production and storage of food and beverages. 6

DATA CENTER APPLICATIONS All applications where cooling solutions provide extremely precise temperature control for ICT equipment and telecom applications. 7

Production Plants in Europe M11 Bassano-Italy Productive area: 12,500 m 2 - Liquid chillers - Reversible chillers - Heat pumps up to 500 kw M12 Belluno-Italy M21 Valle Salimbene-Italy M13 Belluno-Italy Productive area: 25,000 m 2 - Liquid chillers - Reversible chillers/heat pumps - Rooftop units - Shell&tube evaporators Productive area: 7,000 m 2 - Air Handling Units Productive area: 36,500 m 2 - Chillers - Heat Pumps M22 Valle Salimbene-Italy Productive area: 2,300 m 2 - Large Capacity Chillers - Large Capacity Heat Pumps Lean Manufacturing and Lean Design Specialized Product Development Dedicated Production Lines M14 Treviso-Italy Productive area: 10,000 m 2 - Residential chillers - Heat pumps up to 150 kw - Hydronic terminals - HPAC units M23 Zeccone-Italy Productive area: 7,500 m 2 - Precision air conditioners - Telecom air conditioners Continuous Improvement in production High level testing rooms at the end of the production 8

Laboratories in Europe ML11 Treviso-Italy HPAC, Terminal Units, small chillers & Heat Pumps - UNI 14511 - ISO 9614-2 ML21 Valle Salimbene-Italy Chillers & Heat Pumps - Up to 1600 kw - UNI 14511 - ISO 9614-2 Performance level detection both at full and partial loads Sound emissions tests Failure tests ML12 Belluno-Italy Large chillers and & Heat Pumps - UNI 14511 - ISO 9614-2 ML22 Valle Salimbene-Italy Precision air conditioners - EUROVENT 6/6 - ANSI-ASHRAE 2016 Unit operation tests in severe conditions 9

Production Plants in China and India Lean Manufacturing and Lean Design Specialized Product Development M91 Shanghai-China Productive area: 15,000 m 2 - Liquid chillers - Reversible chillers for the Eastern market M93 Shanghai-China Productive area: 3,000 m 2 - AHU units - Fan coils M94 Shanghai-China Productive area: 2,000 m 2 - Condensers and evaporators Dedicated Production Lines Continuous Improvement in production High level testing rooms at the end of the production M92 Shanghai-China Productive area: 2,500 m 2 - HPAC units for the Eastern market M95 Foshan-China Productive area: 3,000 m 2 - Precision & Telecom air conditioners for Far East - Sales & Marketing Dept M81 Bangalore-India Productive area: 2,500 m 2 - HPAC units 10

Laboratories in China ML91 Shanghai-China Terminal units - UNI 14511 - ISO 9614-2 ML92 Shanghai-China Chillers & Heat Pumps - Up to 1600 kw - UNI 14511 - ISO 9614-2 ML93 Shanghai-China Precision air conditioners - EUROVENT 6/6 - ANSI-ASHRAE 2016 ML94 Foshan-China Precision air conditioners - EUROVENT 6/6 - ANSI-ASHRAE 2016 11

Sales and Service Subsidiaries Climaveneta Powermaster Middlesex, Great Britain Climaveneta Russia Moscow, Russia Climaveneta Chat Union Shanghai, China RC Milano Rappresentanze Pero, Milano, Italy Aircotech Ternat, Belgium Climaveneta France Epǒne, France Climaveneta Deutschland Ratingen, Germany Jinchat Climaveneta Hong Kong Fotan, Hong Kong RC Group (UK) Watford Herts, Great Britain RC Asia Pacific Kowloon Bay, Hong Kong Climaveneta España Top Clima Barcellona, Spain Climaveneta Polska Legionowo, Poland Climaveneta Middle East DMCC Dubai, U.A.E. Climaveneta Climate Technologies Bangalore, India RC Group France Croissy Beaubourg, France Foshan RC Air Cond Foshan, Guangdong - China RC Group Deutschland Ratingen, Germany RC Beijing Beijing, China RC Group Luxembourg Strassen, Luxembourg 12

Corporate Mission & 7 Guiding Principles The Corporate Mission of the Mitsubishi Electric Group is to continually improve its technologies and services by applying creativity to all aspects of our business. By doing so, we enhance the quality of life in our society. Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. is the core company for central hydronic and ICT cooling technologies within the group. 7 Guiding Principles 1 2 3 4 Trust Establish relationships with society, customers, shareholders, employees, and business partners based on strong mutual trust and respect Quality Provide the best products and services with unsurpassed quality Technology Pioneer new markets by promoting research and development, and fostering technological innovation Citizenship In all endeavors, conduct ourselves in compliance with applicable laws and high ethical standards 5 6 7 Ethics and Compliance In all endeavors, conduct ourselves in compliance with applicable laws and high ethical standards Environment Respect nature, and strive to protect and improve the global environment Growth Assure fair earnings to build a foundation for future growth. 13

Value Proposition Mitsubishi Electric Hydronics & IT Cooling s success in Comfort is based on the capability to develop a strong value proposition by addressing the real needs of each of the key actors involved in the complex value chain characterizing comfort projects. 14

Examples of Relevant Projects 15

Relevant Projects Application: MIXED-USE DEVELOPMENT Cooling Capacity: 9243 kw Installed Units: 6x TECS2-W/LC 1453 1x FOCS2-W/R/CA-E 1801 Application: HOTEL & RESORT Cooling Capacity: 2112 kw Installed Units: 3x NECS-Q/B 2618 Heating Capacity: 478 kw Heating Capacity: 2283 kw 16

Relevant Projects Application: DATA CENTER Final User: BNP Paribas Plant Type: Hydronic System, various chillers Cooling Capacity: 12208 kw Application: BANK OFFICES Cooling Capacity: 1805 kw Heating Capacity: 856 kw Installed Units: 2x TECS2/SL-CA-E/S 0512 1x i-fx-q/sl-ca/s 0802 1x ClimaPRO 17

Relevant Projects Application: DATA CENTER Cooling Capacity: 2800 kw Installed Units: 4x TECS2/SL-CA-E 0652 1x ClimaPRO Application OFFICE BUILDINGS Cooling Capacity: 1022 kw Installed Units: 1x ERACS2-Q/SL-CA/S 2222 1x TECS2/SL-CAE/S 0512 1x ClimaPRO Heating Capacity: 541 kw 18

Relevant Projects Application: INDUSTRIAL PROCESS Cooling Capacity: 4800 kw Installed Units: 4x UNICO TURBO FL FREE 1200 T3E VT10 Application: DATA CENTER Cooling Capacity: 2700 kw Installed Units: 2x FRIGO TURBO FL 1380 T3 19

Relevant Projects Application: RETAIL Cooling Capacity: 3600 kw Installed Units: 4x UNICO TURBO 590 T2E Y4 2x UNICO TURBO FL 680 T2 VT6 Application: MUSEUM, OFFICE BUILDING Cooling Capacity: 3480 kw Installed Units: 4x ERACS2/WQ 3202 1x EW-HT 0152 2x NECS-W 0262 1x ClimaPRO Heating Capacity: 3764 kw 20